Economic and monetary union (EMU) is the most advanced form of international economic integration. The process of establishing the EMU in the European Union was long-lasting and determined by the dynamics of the European ...

The aim of the article is to evaluate the European Central Bank’s activity in the context of the fulfilment of the price stability criterion by the euro area Member States. The paper is divided into two major parts. The ...

The main aim of this article, is to analyze and evaluate macroeconomic consequences arising from using the exchange rate regimes. The study has been divided to three parts. In the first section I have done the theoretical ...

Stabilizing exchange rates against euro before accession to EMU and implementation euro as an official currency is one of the Maastricht criteria. That is why the role of foreign exchange interventions will be so important. ...

Participation in the integration grouping is an important asset to the economy in terms of its attractiveness to foreign investors. Elimination of trade barriers within the common market, macroeconomic stabilization, ...

The main aim of the paper is to investigate the process of creation of international currency – euro in European Monetary Union. In the paper the Author analyses four stages of the building of monetary union as well as ...

The aim of the article is to present the monetary policy instruments used by the European Central Bank during the financial crisis of 2007–2010. There have been many instruments aimed at providing liquidity to the banking ...

The main legislation defining the conditions for the operation of investment funds in euro area are two directives: Directive 2009/65/EC of the European Parliament and of the Councilon the coordination of laws, regulations ...

European financial market is a part of the EU single internal market. Significant acceleration of integration processes on this market took place in 1999 together with the creation of the Financial Services Action Plan. ...

In this article the attention is concentrating on one thing of TOOW aspects and the new endogenous approach which analysis of the commercial interrelation of countries of shared monetary area. According to McKinnon (1963) ...